Filing Flows › Figure Technology Solutions (FIGR) › Q1 2026
Figure Technology Solutions (FIGR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Figure Technology Solutions (FIGR) reported revenue of $167M for the first quarter 2026 (Q1 2026), +98% from a year earlier and +4% from the quarter before. Operating margin was 25.1%, net earnings $44.9M (26.9% of revenue).
Figure Technology Solutions, Q1 2026: revenue $167M (+98% year over year), operating margin 25.1%, net earnings $44.9M, operating cash flow −$37.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +4% | +98% |
| Operating profit | $41.9M | +45% | +420% |
| Net earnings | $44.9M | +196% | — |
| Operating cash flow | −$37.8M | -385% | — |
What changed
Revenue was $167.0M in Q1 2026, up 98% year over year and up 4% from the previous quarter.
Operating profit was $41.9M, a 25.1% margin (up 15.6 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 10% margin then. Total costs grew 64% against revenue growth of 98%. The fastest-growing cost line was General & admin (+142%). Net earnings were $44.9M. The effective tax rate was -18.2%.
Operating cash flow was −$37.8M. Non-cash charges added back $25.9M of share-based compensation. Working capital and other items used $108.7M.
Questions
What was Figure Technology Solutions' revenue in the first quarter 2026?
Figure Technology Solutions (FIGR) reported revenue of $167M for the first quarter 2026 (Q1 2026), +98% from a year earlier and +4% from the quarter before.
Was Figure Technology Solutions profitable in the first quarter 2026?
Operating profit was $41.9M (25.1% of revenue) and net earnings $44.9M.